Pfizer’s purchase of migraine medication maker Biohaven Pharmaceutical represents a commitment to expand the reach of its calcitonin gene-related peptide (CGRP) franchise, CEO Vlad Coric told CNBC’s Jim Cramer on Tuesday. “There are still over 300,000 physicians in the US who write for the older triptans and have not yet written for one oral CGRP,” […]
Cryptocurrency exchange Coinbase has disclosed its first net loss as a public company of $430 million in Q1, but CEO Brian Armstrong said on an earnings call that he’s “never been more bullish on where we are as a company.” In its first quarter 2022 report Coinbase disclosed that revenue had dropped 27% to $1.17 […]
Tesla is recalling 130,000 cars due to an issue causing the CPU in vehicles’ infotainment systems to overheat during fast charging, potentially making the car’s touchscreen malfunction or go completely blank (via Associated Press). The electric car maker started rolling out an over-the-air update (OTA) on May 3rd to fix the issue on affected vehicles, […]
Strategic Resource Group managing director Burt Flickinger on which businesses are struggling with pandemic exit strategies. Academy Award-nominated actor James Cromwell superglued his palm to a Starbucks countertop in New York on Tuesday morning as part of a People for the Ethical Treatment of Animals (PETA) protest against the coffee chain’s company-wide policy of additional […]
On Tuesday, online used car retailer took to Zoom to lay off 12 percent of its workforce, reports . According to Twitter reports, the startup incited “” among workers when it sent a company-wide email at 7:30AM informing everyone of the impending job cuts but not specifying who would be affected. In the end, Carvana […]
Bill Gates discusses his new book, How to Prevent the Next Pandemic, onstage in New York City. Gates Tuesday announced that he has tested positive for COVID-19. Michael Loccisano/Getty Images hide caption toggle caption Michael Loccisano/Getty Images Bill Gates discusses his new book, How to Prevent the Next Pandemic, onstage in New York City. Gates […]
Armstrong Flooring has filed for bankruptcy. The Lancaster County-based company had previously announced it was looking to sell its business. That sale will continue even though the company has filed for Chapter 11 bankruptcy protection.Chapter 11 allows a company to continue to operate while restructuring its debt.In a statement, President and CEO Michel Vernmette said, […]
Placeholder while article actions load Fair warning: This one gets a bit sticky. Incensed by the “senseless upcharge” at Starbucks for nondairy milk, “Succession” and “Babe” actor James Cromwell and other members of PETA, where he serves as an honorary director, staged a protest Tuesday at a Midtown Manhattan location of the coffee chain . […]
Tiger Global is having a year. According to a new report from the Financial Times, the low-flying-yet-seemingly-ubiquitous 21-year-old outfit has seen losses of about $17 billion during this year’s tech stock sell-off. FT notes that’s one of the biggest dollar declines for a hedge fund in history. As shocking, per FT, according to the calculations […]
May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former US President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc […]